A Study on the Impact of the COVID-19 Pandemic on Primary, Secondary, and Tertiary Sectors of the Indian Economy

A Study on the Impact of the COVID-19 Pandemic on Primary, Secondary, and Tertiary Sectors of the Indian Economy

Amandeep Kaur, Munish Saini
Copyright: © 2021 |Pages: 25
DOI: 10.4018/IJABIM.20210701.oa31
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Abstract

COVID-19 emerged in China in December. The World Health Organization declares this virus as Global Disaster in March. The coronavirus has affected the social, economic, political dimensions of the nations globally. In this study, the authors consider the impact of novel coronavirus (COVID-19) on the different activities of primary, secondary, and tertiary sectors of the Indian Economy and various policies and reforms have been taken by the government. The secondary data is collected to put down this literature. Each sector of the economy faces chaos due to coronavirus. Migrant workers or laborers go to their state in the lockdown, a ban on materials, electronics imported from china, supply chain disruption, disturbance in the cash flow are some of the majors' reasons that lead to the uncertainty in different sectors. A fund issued by the Government can be utilized effectively to give benefits to employees, workers, farmers, organizations, and industries.
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Introduction

A group of people identified with pneumonia in the Wuhan City of China in December. The unknown cause of pneumonia is associated with the seafood market of Wuhan. Chinese Center for Disease Control and Prevention (ChinaCDC quickly sends a team that contacts the health authorities of Hubei and Wuhan to perform the inquisition. The investigation on the pneumonia bunch of persons uncovered the seventh kind of coronavirus named as a novel coronavirus (2019-nCoV) (Zhu et al., 2020). The International Committee on Taxonomy of Viruses (ICTV) relabeled the coronavirus as SARS-CoV2 from 2019-nCoV and the disease originated from this coronavirus entitled COVID-19 (Gorbalenya et al., 2020). There are previously six kinds of coronavirus that lead to ailment to human health. Out of six, four coronavirus species: Human Coronavirus-229E, Human Coronavirus-OC43, Human Coronavirus-NL63, Human Coronavirus-HKU1 commonly results in the cold symptoms in human being and other two which are Severe Acute Respiratory Syndrome Coronavirus (SARS-CoV) and the Middle East Respiratory Syndrome Coronavirus (MERS-CoV) arouse deadly repository ailment (Su et al., 2020). The intermediary source of transmission to persons is not determined, but the person-to-person transmission is verified globally. The person-to-person transmission of coronavirus takes place by respiratory droplets and links up way. When a healthy person comes in touch with the infected people, subjected to coughing, sprayer, and sneezing results in the droplets transmission via the nose, mouth, eyes. COVID-19 disease is also transmitted through the indirect contact of the healthy person with the objects or surfaces used by COVID-19 patients (Shereen et al., 2020; World Health Organization, 2020a). World Health Organization (WHO) announced the global crisis of coronavirus in March 2020 as the person-to-person transmission is increasing because no intermediary source of transmission is identified and no vaccine is formed. The objective of the committee is to inform the countries to prevent their countries from the impact of COVID-19 through proper care, isolation of infected persons, and to trace the persons who come in contact with the infected person(Sohrabi et al., 2020). World health organization published guidelines incorporating: wash hands thoroughly with the soap, stay away from the people with having COVID-19, Follow social distancing norms, do not touch the face, wear masks while going outside, in the presence of symptoms of cough or cold happen immediately meet the doctor(World Health Organization, 2020b). By sticking to these guidelines, people can tackle COVID-19 disease since no vaccine is made yet.

COVID-19 pandemic affects adversely the social, economic, and political sectors of both developed and developing nations. Only when the COVID-19 disaster comes to end, the countries will be in a position to analyze the social, economic effects of the pandemic (Gennaro et al., 2020). Since India is a developing country, the coronavirus crisis affected the economy of India. According to Kenessey (1987), the economy of the country is theorized into three main sectors viz. Primary Sector, Secondary Sector, Tertiary Sector. Each of the sectors itself includes many activities like agriculture, mining, tourism, education, etc. Since India is a highly densely populated country, the government implemented a lockdown all over India to curb the spread of the virus from 24 March to 14 April 2020, and then later elongated till 3 May 2020 which indirectly jolted its economy. Section 2 discusses the impact of the COVID-19 on the Indian economy by various researchers but none of them provide the effect of the coronavirus on the different activities under each sector separately. Each publication related to the spillover of a virus on the Indian economy overlooks certain activities or reforms. Therefore, in this paper, we present the effect of coronavirus on each activity under three-sector apart. The goal of performing this study is considered as underneath:

  • a)

    To examine the impact of the COVID-19 on the primary, secondary, and tertiary sectors of the India Economy.

  • b)

    Reforms to be reckoned with to cover the COVID-19 effect on the Indian Economy.

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